Modeled residential air source heat pump project

Capital cost: $16,679,495

Lifetime energy cost savings: $19,378,762

Net lifetime savings: $2,699,267

Benefit-cost ratio: 1.2

Number of homes: 967

Average proposed capacity per residence (Btu/hr): 19,585 Btu/hr

Excess generation capacity needed (kW): 765 kW

Expected average coefficient of performance (COP): 3.74

This component calculates the potential change in heating oil usage from the installation of new air source heat pumps in all residential buildings.